Rick Summer Quotations

Our view is that there is a long way to go down. Whether that's Monday, next month or over the next few quarters isn't known.

We don't think a lot of money has flowed into some of these large-cap names. Perhaps investors have been looking for darling growth stories.

You have the demand side of things, which is pretty indisputable, as advertisers continue to want to spend online, and search engines seem to be the primary way of doing that. But from an inventory perspective, it's not unlimitedit's unlimited in terms of number, but limited in terms of the number of reasons we go to search on the Internet.

It's only rational to expect them to start following other people's rules. They don't have such power that they can dictate market forces politically. We've seen that in France , but in China it's a lot more paramount, where the government follows different views and censorship.

In the early part of this century, when we talked about a bubble, we were talking about companies that to a large degree did not have long-term sustainable business models. It is different now. The business models are stronger. There is a lot more meat on the bone.